Ford Motor Company $F Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV decreased its position in Ford Motor Company (NYSE:F) by 50.0% during the 3rd quarter, Holdings Channel reports. The fund owned 62,394 shares of the auto manufacturer’s stock after selling 62,394 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Ford Motor were worth $746,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Research Partners LLC acquired a new position in Ford Motor during the 3rd quarter worth approximately $566,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Ford Motor in the 3rd quarter valued at $32,000. CIBC Private Wealth Group LLC raised its holdings in shares of Ford Motor by 30.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 72,644 shares of the auto manufacturer’s stock valued at $869,000 after purchasing an additional 17,121 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Ford Motor during the 3rd quarter worth $6,449,000. Finally, Achmea Investment Management B.V. lifted its position in shares of Ford Motor by 37.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 2,255,745 shares of the auto manufacturer’s stock worth $26,979,000 after purchasing an additional 615,762 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.4%

NYSE F opened at $11.78 on Thursday. The firm’s fifty day moving average price is $13.45 and its 200 day moving average price is $12.93. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.80. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The company has a market capitalization of $46.99 billion, a price-to-earnings ratio of -5.72, a price-to-earnings-growth ratio of 0.28 and a beta of 1.65.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The firm had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Ford Motor’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, February 13th. Ford Motor’s payout ratio is presently -29.13%.

Insider Activity

In other news, insider William Clay Ford, Jr. bought 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the transaction, the insider directly owned 3,912,600 shares in the company, valued at $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a report on Wednesday, February 11th. Bank of America initiated coverage on Ford Motor in a report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. TD Cowen increased their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, January 13th. Finally, Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.29.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.